Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Royal Oak-RYO -- Ignore unavailable to you. Want to Upgrade?

To: robar who wrote (1672)	4/16/1999 7:28:00 PM
From: robar	Read Replies (1) \| Respond to of 1706

Friday April 16, 7:18 pm Eastern Time Company Press Release RE: Interim Receiver Appointed for Royal Oak Mines TORONTO, ONTARIO--Royal Oak Mines Inc. announced that effective today, the Ontario Court of Justice (General Division) has appointed PricewaterhouseCoopers Inc. as interim receiver of all assets of the Company. PricewaterhouseCoopers will also assume responsibility for carrying on the business and affairs of the Company. Accordingly, the Board of Directors of Royal Oak have tendered their resignation effective immediately. Margaret K. Witte, president and chief executive officer, will be departing from the Company but will be assisting the interim receiver with the transition in the short term. All future inquiries concerning accounting matters and investor relations of the Company should be directed to the interim receiver. Please direct inquiries to the interim receiver at Royal Oak's Kirkland office, phone number (425) 822-8992